Monday, September 01, 2014

Home News Landscape improvements increase home value and resale odds

Landscape improvements increase home value and resale odds

Industry News

Texas study shows landscape improvements net 35 percent return on investment.

| July 29, 2010

DENVER – In a crowded and depressed real-estate market, homeowners may be best served to undertake exterior home improvements like landscaping in order to increase the value of their homes and to help their property stand out to prospective buyers, according to the Associated Landscape Contractors of Colorado (ALCC).

A study in Lubbock, Texas, published in the Journal of Environmental Horticulture, evaluated 75 homes and concluded that every dollar invested in landscaping returns $1.35 – or a 35 percent return on investment. The same study found that having high-quality landscape compared to an average home increases the sales price of the home by 5.7 percent. This number jumped to a 10.8 percent increase in the value of a home when comparing an excellent quality landscape to an average landscape.

Landscaping to increase a home’s value is not the only incentive for homeowners to spruce up their front yards. According to the Colorado Association of Realtors, curb appeal – how your house looks to people driving by or walking up to the front door – can be critical to getting your house sold. “Landscaping can make a significant difference in the appearance of a home and you don’t have to spend a fortune to make a yard beautiful,” says Amy Dorsey, past president of the Colorado Association of Realtors

The importance of a home’s curb appeal is shared by realtors as well. “In my 20-plus years in the Colorado real estate market, I’ve seen that a good first impression can encourage a potential buyer to take a closer look and be more willing to overlook other negatives a property may have,” says Kathy Nelson, a broker associate with Coldwell Banker. “Conversely, a bad first impression may be impossible to overcome no matter how attractive the inside of the house may be.”

Top news

Davey buys Lawn Logic

The company has made five acquisitions this year.

Akehurst Landscape names new president and CEO

The sudden death of Brian Akehurst, president of Akehurst Landscape Service, results in the election of a new leader.

Massey purchases Texas company

Green Pest Services joins Massey's portfolio.

The lease/buy decision

The rules may be changing when it comes to leasing snow equipment.

Call in the subs

Developing long-term relationships with contractor partners helps snow businesses expand and accommodate challenging service schedules.

x